Economists called yesterday Red Friday after the close of trading on world exchanges.. This is due to the fact, that the largest indices showed declines, and some of them are more than significant.
Which day in a row does the Japanese Nikkei break anti-records?. The drop the day before again amounted to more than 5% and more 2100 points in absolute terms.
The largest American indices are in the “red zone” - Dow Jones, S&P500, Nasdaq, Russel 2000. The fall was simultaneously recorded in Germany, Canada, UK, France, Switzerland, Portugal, Austria, Belgium, Sweden, Israel. More than 1000 points (over 4%) Taiwan's Taiwan Weighted Index fell over the past 24 hours. The decline was recorded in South Korea and a number of other countries.
Experts attribute Red Friday to, that in a number of European countries the recession has already manifested itself and so far the economy is not going to recover. Economists also believe, that there is a high probability of a transition to recession in the USA, which is what pulls the most “tied” economies along with it, including the Japanese one with its prohibitive level of debt relative to GDP.
Even that does not add optimism to large investors, that the American authorities artificially abolished the national debt ceiling - until the next president takes office, until January 2025. At the same time, the total American debt, as already reported, has passed 35 trillion dollars, and the lion’s share of taxes collected from individuals is spent on its maintenance.
A considerable number of experts believe that “Red Friday” 2 August is a harbinger of a large-scale economic crisis, which could hit the world next year. celebrated, that those economies will suffer least from it, which significantly reduced dependence on the US dollar in international payments.
